okay, we were ahead -- >> steve, it's josh, let me tell you the way traders are going to do this because this is what they always do. the narrative right now is, oh, no, the fed is not behind us. the fed is not going to buy bonds anymore. we'll have these jitters -- >> not true, by the way. >> let me finish my thought. the traders are going to go through these spasms which is what we're seeing right now. what ends up happening is the closer we get to any kind of actual tapering which by the way we still don't really know when it happens, the traders are then going to spin that narrative into a positive. hey, look, it's great, the fed doesn't have to buy as many bonds. it will take time for us to get that mindset into that position, but it's every single time. we always do this. >> so here -- a couple things that are interesting i think. one is that qe into 2014 to which i submit there was some doubt is now kind of policy, by the way. that's a new thing. that, you know, we picked that up in our survey i think three surveys ago this expectation for qe into 2014. that's now part of policy.